Scientific-Atlanta Shareholders Approve Acquisition by Cisco Systems
Atlanta - Scientific-Atlanta, a developer of digital content distribution equipment, said on Thursday that its shareholders have approved an acquisition of the company by Cisco Systems for $43 in cash per share, for a total of around $6.9 billion. The deal remains subject to approval by regulators in various jurisdictions outside the U.S., but is expected to close during the current quarter, the companies said. Cisco anticipates that the addition of Scientific-Atlanta will give it a stronger presence in the home entertainment market.
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